Prospect theory : for risk and ambiguity /

"Prospect Theory: For Risk and Ambiguity provides the first comprehensive and accessible textbook treatment of the way decisions are made both when we have the statistical probabilities associated with uncertain future events (risk) and when we lack them (ambiguity). The book presents models, p...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Wakker, Peter P.
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Cambridge, UK ; New York : Cambridge University Press, 2010.
Temas:
Decision making.
Risk.
Uncertainty.
Probabilities.
Decision Making
Risk
Probability
Prise de décision.
Risque.
Incertitude.
Probabilités.
decision making.
probability.
BUSINESS & ECONOMICS > Economics > Microeconomics.
Évaluation du risque.
Incertitude (économie politique)
Acceso en línea:Texto completo
Tabla de Contenidos:
  • Introduction
  • Expected utility. The general model of decision under uncertainty no-arbitrage (expected utility with known utilities and unknown probabilities)
  • Expected utility with known probabilities--'risk'--and unknown utilities
  • Applications of expected utility for risk
  • Expected utility with unknown probabilities and unknown utilities
  • Nonexpected utility for risk. Heuristic arguments for probabilistic sensitivity and rank dependence
  • Probabilistic sensitivity and rank dependence analyzed
  • Applications and extensions of rank dependence
  • Where prospect theory deviates from rank-dependent utility and expected utility: reference dependence versus asset integration
  • Prospect theory for decision under risk
  • Nonexpected utility for uncertainty. Extending rank-dependent utility from risk to uncertainty
  • Ambiguity: where uncertainty extends beyond risk
  • Prospect theory for uncertainty
  • Conclusion.

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